The total costs for staging the Tokyo Olympics are shared by the organizing committee, the Tokyo municipal government and the national government. Tokyo organizers say they have saved more than $2 billion by working with the Tokyo government to cut costs by moving some events to existing facilities. Preparations for the 2020 Games have been plagued by a series of scandals involving the new national stadium, the official logo and allegations of bribery in the bidding process. TOKYO (AP) " While Rio Olympic organizers are under immense pressure to finish preparations before Aug. 5, their Tokyo counterparts are already facing skyrocketing costs for an event four years away. Work on the new national stadium has fallen behind schedule because the government abandoned an original design due to spiraling costs.

Source: New Zealand Herald July 27, 2016 07:52 UTC